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A look back at 2024 milestones in Guyana’s oil and gas industry 

OilNOW -
The year 2024 marked pivotal advancements in Guyana's oil and gas sector, cementing the country's position as a key player in the global energy market. Here’s a look at the stories that made waves this year, highlighting the industry's...
News

Guyana Oil & Gas: What to look forward to in 2025

Kemol King -
Every year, Guyana's oil and gas sector seems more monumental than the last. Lots of watershed moments are expected in 2025. Guyana will take its place as the world's largest per capita producer of crude oil. Here’s what to look...
News

A guide to Guyana’s Gas-to-Energy project

Kemol King -
Entering the commissioning year of the Gas-to-Energy project, here is an updated breakdown of the basics - parameters, costs, timelines, and other key information. What is the Gas-to-Energy project?  The Gas-to-Energy project is purposed to establish infrastructure so natural gas can...
Exploration

Exxon continues appraisal of Haimara gas discovery

OilNOW -
ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said the Stena Carron rig will be engaged in drilling at the Stabroek Block, with the operation set to conclude by...
News

Steam turbines, oil tanks in Guyana for Gas-to-Energy project

OilNOW -
US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  The infrastructure, the group said, are critical components for the Gas-to-Energy project. “These assets have been safely transported and will be...
News

Equinor and Shell join forces to form UK’s largest independent oil and gas producer

OilNOW -
Equinor UK Ltd and Shell UK Ltd will merge their UK offshore oil and gas assets to create the UK North Sea's largest independent producer. The joint venture, equally owned by both companies, will focus on sustaining domestic production...
News

US$500M+ United States loan for Guyana gas project clears key hurdle

Kemol King -
Guyana's Vice President, Bharrat Jagdeo, announced during a November 28 press conference that the United States Export-Import Bank (EXIM Bank) has given preliminary approval for a loan exceeding US$500 million to support Guyana's Gas-to-Energy project. Initially, the government applied...
News

Petrobras to bring 10 new offshore production systems online by 2029

OilNOW -
Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...
News

Guyana gov’t to plug US$121 million more into Gas-to-Energy project

OilNOW -
The Guyana government approached the Parliament on November 25 for more money to continue the development of the Gas-to-Energy project, a landmark energy expansion endeavor.  Senior Minister in the Office of the President with responsibility for Finance and the Public...
News

SBM Offshore completes US$1.5 billion financing for its latest Guyana-bound FPSO

OilNOW -
Dutch shipbuilder SBM Offshore said it completed the US$1.5 billion project financing of the Jaguar floating production, storage and offloading (FPSO) vessel. ExxonMobil hired SBM Offshore to deliver the Jaguar for its Whiptail project for the Stabroek Block, offshore...
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Latest News

NewsOilNOW -

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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